April 5 (Reuters) - Global commodities trader Cargill Inc reported a 23.8 percent drop in its third-quarter profit on Thursday, hurt by a $161 million charge related to the new U.S. tax legislation.
The privately held company said net income fell to $495 million in the quarter ended Feb. 28, from $650 million a year earlier. (bit.ly/2GxbNE2)
Excluding one-time items, Cargill reported net income of $559 million, from $715 million a year earlier.
Revenue rose 2 percent to $27.85 billion. (Reporting by Karl Plume in Chicago and Nikhil Subba in Bengaluru)